ABOUT the FINWELL BENCHMARK

FinWELL is an award-winning training and consultancy company specialising in financial education and wellbeing for employees and leadership teams globally created in 2022.

The FinWELL Benchmark was designed after various employer clients suggested we create our own way to help them measure, analyse and then compare the initiatives and support they had in place giving a pro-active framework and model for employers of all sizes and sectors.

We drew on a range of leading industry research combined with our own insights gathered from 1,000+ employees and 100+ employers to ensure this was evidence based and data-driven and also as effective and useful as possible.

Notable sources used:

CIPD – Financial Wellbeing Evidence Review (FOUNDATIONAL)‍ ‍

• Financial wellbeing: an evidence review

• Why it matters:

  • One of the most rigorous UK evidence reviews (systematic review approach)

  • Defines core components of financial wellbeing and links to performance

• Used for: benchmark pillars + conceptual model

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CIPD – Employee Financial Wellbeing Guide (PRACTICAL FRAMEWORK)

• Employee financial wellbeing guide

• Why it matters:

  • Practical employer-focused framework

  • Defines wellbeing as ability to manage day-to-day finances, shocks, and future planning

• Used for: what employers should actually provide (benchmark criteria)

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Mercer – Financial Wellbeing Report + Index (SCORING MODEL)

• Mercer Financial Wellbeing Report

• Why it matters:

  • Includes a 0–100 scoring index and benchmarking percentiles

  • Based on data from 100+ organisations

• Used for: scoring logic, maturity levels, and peer comparison design

• Key insight: organisations with a strategy score around 30% higher  

Aon – Global Wellbeing Survey (BENCHMARK DATASET)

• Aon Global Wellbeing Survey 2022–2023

• Why it matters:

  • Large global dataset across industries

  • Shows adoption rates of wellbeing programmes (e.g. 83% have a strategy)  

• Used for: cross-sector benchmarking and prevalence data

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PwC – Employee Financial Wellness Survey (EMPLOYEE DATA)

• PwC Employee Financial Wellness Survey (US)

• Why it matters:

  • One of the most cited datasets on employee financial stress + behaviours

  • Links financial stress to productivity (e.g. time spent worrying at work)  

• Used for: outcome metrics (stress, distraction, productivity)

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CIPD – Financial Wellbeing Organisational Support Report (BENCHMARKING)‍ ‍

• CIPD Financial wellbeing: organisational support report

• Why it matters:

  • UK employer benchmarking data

  • Shows adoption levels, gaps, and trends

• Used for: UK-specific peer comparison (size + sector)

Money & Pensions Service – UK Financial Wellbeing Strategy

• UK Strategy for Financial Wellbeing (Money and Pensions Service)

• Why it matters:

  • National framework used across UK policy and employers

  • Defines behavioural and capability dimensions

• Used for: standardised UK-aligned benchmark dimensions

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Financial Capability Strategy (FinCap) – Workplace Evidence Review

• Financial wellbeing in the workplace: evidence review (FinCap)

• Why it matters:

  • Independent review linking financial wellbeing to workplace outcomes

  • Strong academic grounding

• Used for: evidence-based weighting (e.g. impact on performance, absence)